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This document has been compiled by Ciaran Henderson as part of his management module, here you can find a supplementary report, all rights reserved. If you would like to find out more about Ciaran; His LinkedIn Profile:
OBJECTIVES
Management: a science or an art? Discuss the importance of innovation within the events sector Introduce disruptive innovation
A SCIENCE OR AN ART?
Determine each individually. What is a Science? Systematic, organized knowledge based on scientific methods of observation Conclusions arrived after continuous observation & experiments It has logical principals. Well defined & universally applicable without limitation. Yes! Planning, organising, controlling, co-ordinating, book-keeping. Clear objectives & rules Easily measured & compared to previous results
What is an Art? Study primarily concerned with human creativity and social life Contrasted with scientific or technical functions Yes! HR, hiring & firing, business ethics, motivation, moral, contentedness. Must be approached skilfully & sensitively Not easily measured
CONCLUSION
Management has got two faces like a coin; on one side it is art and on the other it is scienceScience and Art are not mutually exclusive but complementary to each other. Therefore management is both a science and an art.
INNOVATION
What is innovation? According to Joseph Schumpter,(OECD, 1997, p28): Introduction of a new product or a qualitative change in an existing product Process innovation new to an industry The opening of a new market Development of new sources of supply for raw materials or other inputs Changes in industrial organisation This links directly with the events industry
BURNING MAN